Little River RV Park OFFERING MEMORANDUM

Little River RV Park OFFERING MEMORANDUM

AND CAMPGROUND

1357 County Road 261 Fort Payne Alabama 35967 County: DEKALB

Co-Broker Contact:

Located on Beautiful Lookout Mountain

Contact - John D. Blue

Office: 256-705-5475 Cell: 256-527-4407

John Blue Realty, LLC

Commercial Real Estate 218 Randolph Avenue, Suite B Huntsville, AL 35801

HIGHLIGHTS:

38 Acres Total 42 Sites on 15 acres Very Expandable Nicely Profitable Excellent CAP Rate

This property is listed with Mark Huggans AVAST Realty LLC 4830 Wharf Parkway #G201 Orange Beach, Al 36561

? 2015 MARK HUGGANS, a licensed real estate agent. AVAST REALTY LLC. Orange Beach AL is a real estate services firm. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Little River RV Park OFFERING MEMORANDUM

AND CAMPGROUND

EXECUTIVE SUMMARY:

Little River RV Park & Campground property is offered by Mark Huggans of AVAST Realty LLC of Orange Beach Alabama as its sole and exclusive agent.

Little River RV Park & Campground is located on beautiful Lookout Mountain in DeKalb County of Northeast Alabama, and near the historic city of Fort Payne. It has 42 sites for camping. All sites have Fire Rings. Picnic Tables are at all sites except tent sites without power. The Park offers 26 sites that are full hook-up, 7 of which are pull thru sites. It also have 8 tent sites with power and water and 8 tent sites with no power and water. Some sites offer Cable and Wi-Fi. Features and facilities include a Shower house, Laundry Room, Fishing Pond, Playground, Horseshoes and on site Hiking Trails. It is a pet friendly campground with pets on a leash. It is located just 2 miles from Little River Canyon National Preserve and 8 miles from Desoto State Park.

PROPERTY:

1357 County Road 261 Fort Payne Alabama 35967 County: DEKALB

SIZE: 38 Acres Total 15 Ac Developed

TYPE:

42 sites total 26 sites Full hook up (7 of which are pull thru) 8 Tent sites w/ water & Power 8 Tent sites (primitive)

PERSONAL PROPERTY INCLUDED:

(1) John Deere 48" Zero Turn Mower

PERSONAL PROPERTY NOT INCLUDED:

-Case 850 Bulldozer -Back Hoe Trencher w/ implements These items are onsite and available for purchase but not included in the asking price.

ASKING PRICE: $465,000.

TERMS:

CASH

INSPECTION: BY APPOINTMENT

FINANCIAL'S: AVAILABLE WITH CONFIDENTIALITY AGREEMENT

? 2015 MARK HUGGANS, a licensed real estate agent. AVAST REALTY LLC. Orange Beach AL is a real estate services firm. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Little River RV Park OFFERING MEMORANDUM

AND CAMPGROUND

FACILITIES & FEATURES

SIZE: 38 ACRES with 15 developed

TOTAL # OF LOTS: 42 26 RV & 16 TENT # OF PULL THRU'S: 7 # OF BACK INS: 19 # TENT SITES 16 (8 Primitive, 8 with power and water) All Pads Grass or Gravel

NUMBER OF RV'S OWNED: 1

BUIDLINGS: BATH HOUSE: 1 # OF RESTROOMS: 2 men 2 women # OF SHOWERS: 2 men 2 women Laundry Facility: YES OTHER: 1 small office

PARK's AMENITIES: 1. Playground 2. ? Acre Fish Pond 3. Horseshoes 4. Basketball 5. Walking Trail

LOCAL ATTRACTIONS: 1. Little River 2. Desoto State Park 3. Mentone City 4. Alabama Fan Club

? 2015 MARK HUGGANS, a licensed real estate agent. AVAST REALTY LLC. Orange Beach AL is a real estate services firm. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Little River RV Park OFFERING MEMORANDUM

AND CAMPGROUND

FACILITIES & FEATURES cont'd

PARK RESTRICTIONS: RV's & motor homes accepted: ALL Kid and Pet Friendly

ACCESS TO THE PARK: FROM FT. PAYNE TAKE HWY 59 TO COUNTY ROAD 35.TURN RIGHT ON COUNTY ROAD 261. PARK ON RIGHT.

CUSTOMER MIX: Estimated percentages Overnighters 25% Weekly 25% Monthly 25% Long term 25% Spring and Fall Seasons: 30 to 40% OF CAPACITY. Weekends fill up.

PARK MARKETING: Word of mouth: YES Woodall's/Good Sam 20% Passport America 80% 3rd Party websites: Google: YES

WEBSITE ADDRESS:

PARK MANAGEMENT: Owner managed

Park Age:

2009

? 2015 MARK HUGGANS, a licensed real estate agent. AVAST REALTY LLC. Orange Beach AL is a real estate services firm. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Little River RV Park OFFERING MEMORANDUM

AND CAMPGROUND

FACILITIES & FEATURES cont'd

REVENUE STREAMS:

LOT RENT $290.00 per month plus power

RV RENT: $450

STORAGE RENT: $30.00 per month

ELECTICITY CHARGES: 80% of the lots are metered

PROPANE SALES:

NO

COIN LAUNDRY:Approximately $4000.00 per year

Cable TV included: YES

OTHER SALES: Ice and Wood

VENDING: Coke

UTILITIES AVAILABLE AT LOT: 1. AMP SERVICE: 20/30/50 2. CABLE TV 3. SEWER/WATER 4. 80% Metered

UTILITY PROVIDERS:

ELECTRICITY: Fort Wayne Improvement Authority

WATER:

Fort Payne Water Department

CABLE/SATELLITE: Charter

SEWER: On Site Disposal (Septic)

# of systems:5 tanks & 12 PEAT modules

? 2015 MARK HUGGANS, a licensed real estate agent. AVAST REALTY LLC. Orange Beach AL is a real estate services firm. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

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